Primary residence, long-term rental, STR . . . this remarkable 1.3 acre property has it ALL! With deeded access and just steps away from Paw Paw Lake, this spacious corner property originally operated as a hotel. It offers a rare combination of investment potential and personal enjoyment making it an ideal opportunity for those looking to offset ownership costs while building long-term value. The main building includes a beautifully renovated fully-furnished 2-bedroom, 1-bath STR as well as an exceptionally remodeled 8-bedroom, 3.5-bath residence featuring stunning finishes throughout. From the moment you enter, it is clear that every detail has been thoughtfully designed and impeccably completed. In addition to all the amazing renovations, there is a new roof and new gutters in 2025 and a new well pump and new electrical box in 2024. The property also includes three additional residences. One is a gorgeously remodeled and fully furnished 2-bedroom, 1-bath home, while the other is a 1-bedroom, 1-bath unit. Both are currently occupied by month-to-month tenants. Opportunities like this are truly few and far between! A final building is also located on the property but had foundation issues in 2024 (foundation reinforced in 2025) and may not be toured any further than the kitchen for safety reasons.
Active
$929,000
7976 Central Ave, Coloma, MI 49038
15beds
8baths
6,838sqft
5+ Units
Built in 1920
-- sqft lot
$-- Zestimate®
$136/sqft
$-- HOA
What's special
Stunning finishes throughoutSpacious corner property
- 18 hours
- 95
- 9
Zillow last checked:
Listing updated:
Listed by:
Wendy Morauske 269-369-3699,
Coldwell Banker Anchor R.E. 269-983-0011
Source: MichRIC,MLS#: 26050581
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
Heating
- Baseboard, Hot Water, Radiant
Cooling
- Window Unit(s)
Appliances
- Laundry: Main Level
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 6,838 sqft
Property
Parking
- Total spaces: 10
Features
- Waterfront features: Lake
- Body of water: Paw Paw Lake
Lot
- Size: 1.31 Acres
- Features: Corner Lot
Details
- Parcel number: 110846000167060
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Aluminum Siding, Vinyl Siding, Other
- Roof: Composition,Other
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Coloma
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $177,248
- Annual tax amount: $8,247
- Date on market: 9/23/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Listed for sale | $929,000+132.3%$136/sqft |
Source: | ||
| 9/11/2023 | Sold | $399,900$58/sqft |
Source: | ||
| 8/4/2023 | Contingent | $399,900$58/sqft |
Source: | ||
| 6/29/2023 | Listed for sale | $399,900-10.9%$58/sqft |
Source: | ||
| 12/28/2022 | Listing removed | -- |
Source: | ||
| 9/28/2022 | Listed for sale | $449,000-5.5%$66/sqft |
Source: | ||
| 8/26/2022 | Contingent | $475,000$69/sqft |
Source: | ||
| 8/19/2022 | Listed for sale | $475,000+257.1%$69/sqft |
Source: | ||
| 8/31/2000 | Sold | $133,000$19/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | -- | -- |
| 2022 | $4,823 | $123,500 +4.7% |
| 2021 | -- | $118,000 +9.4% |
| 2020 | $4,806 +2.3% | $107,900 +2.3% |
| 2019 | $4,696 +7.3% | $105,500 +13.8% |
| 2018 | $4,377 +2.5% | $92,700 |
| 2017 | $4,271 +0.3% | $92,700 |
| 2016 | $4,257 +337.2% | $92,700 +3.6% |
| 2015 | $974 | $89,500 |
| 2014 | -- | $89,500 -6.6% |
| 2013 | -- | $95,800 -7.9% |
| 2012 | -- | $104,000 +11.3% |
| 2011 | -- | $93,400 +4.7% |
| 2010 | -- | $89,200 -6.1% |
| 2009 | -- | $95,000 +3.5% |
| 2008 | -- | $91,800 +4.6% |
| 2007 | -- | $87,800 +4.3% |
| 2006 | -- | $84,200 +9.6% |
| 2005 | -- | $76,800 |
Find assessor info on the county website
Monthly payment
Est. payment
